Commonwealth upgrades its loan packages for SMSF investors
Commonwealth Bank has upgraded its investment loan packages for self-managed super fund (SMSF) trustees, providing more flexibility to tailor their retirement portfolios.
The enhancements to its Protected Loan offering will allow investors to pay off their protection premium up-front as part of the interest rate and choose the gearing level that suits their risk-reward profile, giving them more control over their cash flows and allowing them to optimise the after-tax cost of the loan.
Suzanne Salter, Commonwealth head of structured investments, said Australians were increasingly likely to use superannuation gearing to rebuild their wealth in response to the reduction in the pre-tax contribution limits announced in the Federal Budget.
Enhancing their offering will help investors gain from the bank’s gearing solutions, Salter said.
The Protected Loan product is offered together with SuperGear, which is used for residential and commercial property investments.
Recommended for you
The winners have been announced for the 2025 Super Fund of the Year Awards, held in Melbourne on 26 November by Money Management's sister brand Super Review.
Data and technology provider Novigi has acquired Iress’ superannuation consulting and managed services business from Apex Group.
AMP is to launch a digital advice service to provide retirement advice to members of its AMP Super Fund, in partnership with Bravura Solutions.
Unveiling its performance for the calendar year 2024, AMP has noted a “careful” investment in bitcoin futures proved beneficial for its superannuation members.
